April 10, 2026 · Statewide
$100B Energy-as-a-Service Market and Indiana's HEA 1002 Put Long-Term Power Costs on the Line for Indiana Manufacturers
Indiana manufacturers face a $100B energy-as-a-service market surge and new HEA 1002 utility law. Know what to scrutinize before you sign anything.
Two converging trends are set to reshape long-term electricity costs for Indiana manufacturers, a rapidly expanding energy-as-a-service market and Indiana's newly signed HEA 1002, and how informed you are before signing anything will determine whether they work for you or against you. The US energy service market is projected to more than double from roughly $42.7 billion in 2025 to over $100 billion by 2035, sending a wave of 10- to 30-year managed infrastructure contracts directly to large Indiana facilities. At the same time, Governor Mike Braun just signed HEA 1002 into law, tying utility profits to affordability and service performance metrics and requiring three-year rate plans.
01Statewide
Energy-as-a-Service Contracts Are Coming to Indiana Manufacturers, and the Math Deserves Scrutiny
The energy service market is projected to grow from $42.7 billion in 2025 to roughly $101.2 billion by 2035. Providers like ABB, Ameresco, Enfra, and Siemens are pitching models where they own and maintain your upgraded boilers, chillers, and controls, and you pay a subscription or share the savings rather than writing a capital check.
02Statewide
Indiana's HEA 1002 Ties Utility Profits to Performance, But Commercial Manufacturers Aren't the Priority
Governor Braun signed HEA 1002 into law this week, requiring three-year rate plans and tying utility profits to metrics including affordability and service restoration times. On paper, it's framed as a landmark affordability reform.
Questions for Your Morning Huddle
Q: What should Indiana manufacturers look for before signing an energy-as-a-service contract? A: Confirm that the contract specifies measured and verified savings, not savings stipulated on paper. Your facility should own an independent, revenue-grade monitoring and analytics layer so you can validate whether promised savings actually show up on your bill, rather than relying on the vendor's model.
Q: Does Indiana's HEA 1002 actually reduce electricity costs for commercial manufacturers? A: Not directly. The law's strongest protections target residential customers, and commercial manufacturers are not the primary beneficiary. The performance provisions tying utility profits to service quality and restoration do create an opening, but only for organized commercial customers who bring hard outage and power quality data into IURC proceedings.
Q: What data do Indiana manufacturers need to use HEA 1002's performance provisions? A: You need at least 12 to 24 months of documented outage events, restoration times, and power quality incidents at your facilities. Without that baseline, you have no standing to hold a utility accountable under the new performance metrics, and no leverage when rate plans are decided.
Manufacturers Energy Grant Program
Free for Indiana manufacturers
Manufacturers from qualifying Indiana counties receive free, ongoing energy auditing and cost control that reduces their energy bills and keeps them low, month after month. Every line item checked and validated, every opportunity found comes with a step-by-step guide to capture it.
EDCs: sponsor this program and it carries your organization's name For economic developers →